CO129-625-2 Finance- revenue equalization fund 1-1-1951 - 31-12-1951 — Page 4

that the proposal of an

aquee

Fund applied

من

as in (6) is

The Hiki lagislative should

6 mistake the funnd as

which

4

Equali

prudentome.

however

not be left

a source

until completely exhausted,

precludes any proposals for increased taxation which budgetary needs may

reuder necessary.

(We are

familiar

with the resoluté obstinction to tax!

in that Colony)

Рама не

9(6) -

while the Cow, has no

doubt considered his "Liquidity" "position

in regard t

so lange

mitial

contribs when

as $100 million ve

roughly

(Copy attached)

X

one-half of the General Revenue balance, he night, I think, be advised

_

examine that contl" again, in the

من

light of the ingredients of

his

suplus balance, as based upon Para Ht. of Circ Desp. Noz of 10/1/51, from the remaining half, buck purchases

must be financed I am

such anche tes

niformed

tak

reache

Seasonally

A much

as $80 milliin!

منقفسه

Para 8 of (6) -

The proposal to

credit the balances referred to 65

the Equaliz= fund is, in my

acceptable.

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